Turn Street Graffiti into NFTs? ‘NFT Hack 2022’ Throws Up Some Interesting Ideas

Of all the innovative ideas put forth at this week’s NFT Hack 2022, minting street graffiti as non-fungible tokens is quite possibly the wackiest.

Graffiti Mint is a decentralised application (dApp) that aims to digitise, mint, and monetise graffiti events. It integrates ERC1155 NFTs for 4-tier season passes for event supporters and ERC751 contracts to mint street art produced in graffiti events at city parks as NFTs.

Event supporters get an OG (Original Gangster) NFT from each artwork made at events from their season pass, while artists earn funds from the auction of Event Edition NFTs and a percentage of the OG NFT sales.

Last year, Australian street artist Lushsux gained international recognition for his large mural paintings depicting internet meme culture. Melbourne-based Lushsux has since become one of the highest-paid artists in Australia, selling his NFTs for over A$500,000 each.

Also showcased at NFT Hack 2022 (January 14-16):

Charisma, a tool that “reads” your personality by analysing your wallet’s NFT assets and your on-chain activity;

OxPhotos, a stock photography marketplace that puts creators first, where NFTs become future cashflow-positive assets that can be traded on other NFT marketplaces; and

Cropsin, a platform that pays creators in crypto to place independent music artists’ songs in their videos and invests in album art, songs, tickets, metaverse merch and song royalty NFTs.

For a comparison, see Crypto News Australia‘s guide to the top 10 NFT art projects of the past few years.